Yeah but with all your praise, you didn't mention the one big thing that is missing in iCloud, iDisk. That and Back to My Mac are the only things I use. Thankfully I have never lost my iPhone, aside from once when I lost it in the washing machine and it definitely got wiped clean without any assistance from iCloud.
Am I the only one that mourns the loss of the preferences sync in MobileMe?
I remember just recently seeing a comoany wide q & a Steve Jobs did after apple's purchase of next, where he describes sitting down at any machine, logging in and have it be 'his' machine.
The best part of .mac and later MobileMe was to sit down at someone's Mac, make a user account and within minutes have it behave like all my other macs.
I think iCloud already syncs at least one folder in the system, so I'm hoping this feature is revived before MobileMe is wrenched from my cold dead hands.
in June I guess.